North Hills, CA
Commercial Real Estate Market Trends & Data

$418 per SF Avg asking sale price
$60 per SF Avg asking lease rate
13,122 SF Avg unit lease size
23,944 SF Avg building size for sale
5.51% Average cap rate

North Hills's Demographic Profile

North Hills has 17,659 households and a median income of $73,951, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 61,805
# Households 17,659
Median age 37
Median household income $73,951
Avg household size 3.0
Renter-occupied housing units 9,107
5-year population change -2%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
North Hills $446 8,733 SF 7.00%
Sepulveda $446 8,733 SF 7.00%
Mission Hills $248 93,961 SF 8.89%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
North Hills $401 19,711 SF 5.17%
Sepulveda $401 19,711 SF 5.17%
Mission Hills $452 33,438 SF 8.46%
Arleta $662 1,503 SF 5.20%
Nearby Retail Markets Avg Cost/SF Typical Size
North Hills $542 13,643 SF
Sepulveda $542 13,643 SF
Panorama City $294 15,046 SF
Mission Hills $327 33,438 SF
Lake Balboa $571 15,080 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
North Hills $327 32,340 SF 6.36%
Sepulveda $327 32,340 SF 6.36%
Panorama City $419 26,389 SF 6.36%
Lake Balboa $331 16,974 SF 8.80%
Northridge $398 11,867 SF 6.22%

Commercial Properties For Sale in North Hills

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

7766 Burnet Ave

Van Nuys, CA 91405

  • 4,980 SF Industrial Building
  • $2,100,000
For Sale

100% Affordable Housing Development

North Hills, CA 91343

  • 0.42 AC Lot
  • 1 Commercial Lot
  • $2,700,000
For Sale

15911 Arminta St

Van Nuys, CA 91406

  • 6,900 SF Industrial Building
  • $3,550,000
For Sale

8144 Sepulveda Pl

Panorama City, CA 91402

  • 5,418 SF Multifamily
  • 6.36% Cap Rate
  • $1,250,000
For Sale

7800 Gloria Ave

Van Nuys, CA 91406

  • 6,888 SF Industrial Building
  • $2,250,000
For Sale

Mission Hills Retail & Office Opportunity

Mission Hills, CA 91345

  • 2,420 SF Office Building
  • 7.00% Cap Rate
  • $850,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether North Hills pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
North Hills $418 23,944 SF
Sepulveda $578 23,235 SF
Panorama City $454 18,152 SF
Mission Hills $291 67,795 SF
Arleta $442 3,697 SF

Regional Demographic Comparison

This comparison places North Hills alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in North Hills or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
North Hills 61,805 17,659 37 $73,951 3 9,107 -2%
Sepulveda 61,805 17,659 37 $73,951 3 9,107 -2%
Panorama City 70,727 19,437 36 $52,427 4 13,245 -2%
Mission Hills 19,599 5,573 42 $99,636 3 1,131 -4%
Arleta 25,272 6,263 38 $82,520 4 2,445 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in North Hills, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in North Hills

View All Commercial Real Estate For Sale in North Hills
Is North Hills a good market for a first-time commercial real estate investor?

North Hills offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in North Hills?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in North Hills. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in North Hills?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for North Hills. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does North Hills compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to North Hills. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for North Hills acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in North Hills, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends